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Samsung Electronics to start won-yuan direct trade on Mar 16

2015-03-12 03:11:58| Electronics - Topix.net

South Korean tech giant Samsung Electronics Co Ltd said on Thursday it will start buying or selling the Chinese yuan for the won from the Seoul market on Mar 16. The company logo is displayed at the Samsung news conference at the Consumer Electronics Show in Las Vegas January 7, 2013. REUTERS/Rick Wilking SEOUL: South Korean tech giant Samsung Electronics Co Ltd said on Thursday it will start buying or selling the Chinese yuan for the won from the Seoul market on Mar 16. The company would use the Korean yuan-won market, which launched in December, to settle direct transactions between its headquarters and Chinese subsidiaries, a spokeswoman said.

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